The tungsten Price in China Stabilized after the Holiday of May Day

Analysis of latest tungsten market from Chinatungsten Online

The tungsten price in China remained stable in the first trading day after the holiday of May Day due to cautious sentiment of market participants. Raw material sellers have strong rised mentality while the demand side needs to be followed up. In the short term, market price would continue to stabilize. 

Now most traders are paying attention to the situation of COVID-19, macroeconomic indicators and consumption recovery of downstream industries at home and abroad (automotive, electronic communications, infrastructure, etc.), waiting for new round of tungsten forecast prices from Ganzhou Tungsten Association and offers from listed tungsten companies. Also, the Two Sessions held in the second half of this month is the focus of the market.

Prices of tungsten products on May 7, 2020

Picture of tungsten trioxide 

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